Corporate finance
Grow Your Business
Cham Bank productive-asset financing programme for small and medium enterprises.
منتج كبّر مشروعك
Product definition
What is Grow Your Business?
A one-off Murabaha facility, in Syrian pounds, to purchase productive assets or refurbish existing ones, for established and newly formed small and medium enterprises (SMEs), from SYP 50 million to SYP 250 million, aimed at owners of small and medium commercial, industrial and service businesses.
Product features
The details
| Item | Details |
|---|---|
| Product name | Grow Your Business |
| Currency | Syrian pound |
| Target segment | Small and medium enterprises (SMEs) — owners of established and new industrial, commercial and service businesses |
| Documents | Legal documentation for the company and partners, financial statements with supporting evidence, and details of owned assets |
| Term | From one year, up to five years |
| Security | Tangible or cash collateral acceptable to the bank under its approved policy |
| Contracts and forms | The approved Murabaha product forms and contracts, together with those of any other product launched during the year |
Pricing
Applicable profit rate
| Financing term | Profit rate |
|---|---|
| One year | 7.5% |
| Two years | 8% |
| Three years | 8% |
| Four years | 8.25% |
| Five years | 8.5% |
Benefits
Why this product?
Benefits
What sets Grow Your Business apart
Facilities are granted within a defined timeframe once the required documents are complete.
A grace period of up to six months may be granted before instalments begin.
New projects can be financed, whether establishing a plant or buying production lines.
Competitive profit rates as set out in the table above.
Finance may be granted against a joint guarantee from a commercial guarantor acceptable to the bank, in place of property collateral.
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